In brief
- China’s Hainan Province aims at officially completing its formal customs closure operations on 18 December 2025, making it the nation’s first Free Trade Port (FTP).
- Hainan FTP, positioned as China’s most open economic zone, will surpass existing Free Trade Zones (FTZs) with policies designed to drive unprecedented liberalization, aiming at a pioneering development comparable and competitive with globally renowned free trade hubs like Hong Kong and Singapore.
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